US National Debt Tops $20 Trillion

CNSNEWS – September 11, 2017: The federal debt officially surpassed $20 trillion for the first time on Friday, as the debt subject to the legal limit set by Congress jumped $317,645,000,000 in one day–following President Donald Trump’s signing of a spending-and-debt-limit deal that will fund the government through Dec. 8.

At the close of business on Thursday, Sept. 7, according to the Daily Treasury Statement for Friday, the total debt of the federal government was $19,844,587,000,000 and the portion of it subject to the legal limit set by Congress was $19,808,747,000. After President Trump signed the legislation suspending the debt limit, the total debt immediately jumped to $20,162,177,000,000 and the portion of it subject to the limit jumped to $20,126,392,000,000, according to the Daily Treasury Statement for Sept. 8, 2017.

That means the total debt jumped $317,590,000,000 on the day it officially topped $20 trillion for the first time and that the part of the debt subject to the legal limit jumped $317,645,000,000 on that day. Link: Read Complete Article

END


US Holding Up The World To Get Dollars

BLOOMBERG – September 5, 2017: Trump agreed to support new weapons sales to South Korea and Japan. (BATTLEFORWORLD: And this is what it is all about, panicking Japan and South Korea to buy more US dollars for the US to create more debt to meet its balance sheet in September, using North Korea.) In a phone conversation on Monday with South Korean President Moon Jae-In, Trump said he would support “in principle” the U.S. ally fitting its missiles with heavier warheads, boosting its deterrence against North Korea. (BATTLEFORWORLD: These updated missiles will be used to target China and Russia, but they already know this – the game that is being played.)

A day later, Trump tweeted: “I am allowing Japan & South Korea to buy a substantially increased amount of highly sophisticated military equipment from the United States.” Link: Read Complete Article

Link, main article: US Holding Up The World To Get Dollars

END